Clarson Enterprises Inc. - Mandaue, Philippines

Established during the last quarter of 1983, CLARSON ENTERPRISES, INC., started as single proprietorship engaged in the business of trading buri furniture, basket wares and handicrafts. The President, Clarito F. Fruelda, started the business with an initial capital of about fifty thousand pesos (P 50,000.00) or US$ 5,000.00 then. With a manpower complement of three, it grew to what it is today. The Company's first customers were from Australia. It gradually expanded its market to the United Kingdom, the European Community and the USA. With a very strong market demand during 1984 to 1988, sales always double that of every preceded year.